BBB Foods Inc. Stock Forecast

BBB Foods Inc. stock downgraded to Sell Candidate
(Updated on Apr 30, 2024)

TBBB Signals & Forecast

The BBB Foods Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $21.54 and $21.90. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.08%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for BBB Foods Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $20.60 and $19.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BBB Foods Inc. finds support just below today's level at $20.60. If this is broken, then the next support from accumulated volume will be at $19.55 and $19.05.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.640 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 5.95%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TBBB) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect BBB Foods Inc. to open at $23.09, and during the day (based on 14 day Average True Range), to move between $21.95 and $23.95, which gives a possible trading interval of +/-$1.00 (+/-4.37%) up or down from last closing price. If BBB Foods Inc. takes out the full calculated possible swing range there will be an estimated 8.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.11 (0.70%) than the support at $20.60 (10.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is BBB Foods Inc. stock A Buy?

BBB Foods Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.315 Sell Candidate Downgraded

Predicted Opening Price for BBB Foods Inc. of Wednesday, May 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.